Ivanka Trump, Jared Kushner Earned $82m a year ago

13/06/2018

Jared Kushner and Ivanka Trump, both senior advisers to President Donald Trump, disclosed new details of their vast wealth on Monday, reporting a long of list of real estate, fashion and investment assets. Ivanka Trump also earned a reported $3.9 million previous year from her stake in the Trump International Hotel in Washington, D.C., and $5 million from the Ivanka M. Trump Business Trust, which oversees her fashion brand and was created in March 2017. He also said in his filing that he would continue to recuse himself from matters involving broker-dealer, real estate and online financial services related to his holdings in Quadro Partners, which owns Cadre.com, an online platform for investing in real estate.

The filings show how the couple are collecting enormous sums from other enterprises while serving in the White House, an extraordinary income flow that ethics experts have warned could create potential conflicts of interests.

In July 2017, the time of their last financial disclosure, the couple reported joint income of at least $19 million from business ventures and another $80 million in real estate and other revenue between January 2016 and early 2017.

Ivanka Trump also reported over $2 million from severance from the Trump Corp.in 2017.

The Post estimated Kushner's assets at United States dollars 179 million to USD 735 million a year ago, compared to between USD 55.3 million and USD 75.6 million for Trump, noting that the Office of Government Ethics uses broad ranges for assets and liabilities.

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Penguin Random House also gave Ivanka an advance payment of $289,000 for her book, which she donated to charity.

Kushner's financial forms show significant debts, according to Politico, which didn't report a total liability figure.

Kushner pulled in at least $US69 million in income past year, much of it from his own family's far-flung real estate empire, the financial disclosure forms showed. Mr Kushner reported more than $5m in income from a New Jersey apartment complex. "Their net worth remains largely the same, with changes reflecting more the way the form requires disclosure than any substantial difference in assets or liabilities", Peter Mirijanian, a spokesman for the couple's ethics lawyer, Abbe Lowell, said, according to the Associated Press. The Trump family has faced accusations of using the presidency for personal profit.

At the end of 2017, the president's daughter held assets of at least $55 million that could reach more than $75 million, the source familiar with the documents said.

A spokesperson for Trump and Kushner's ethics counsel told the Post that they followed the rules set out by the Office of Government Ethics and that their net worth has held steady.

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